Interactive Brokers launches tool to assess undervalued stocks

Rick Steves

Going by the name of GlobalAnalyst, the tool helps investors improve their international portfolio diversification by discovering undervalued companies with greater growth potential.

Interactive Brokers has launched a new tool for investors to compare the relative valuations and financial metrics of stocks globally.

Going by the name of GlobalAnalyst, the tool helps investors improve their international portfolio diversification by discovering undervalued companies with greater growth potential.

Investment choices from more than 135 global markets

Evaluating the relative merits of stocks traded in different currencies can be challenging for investors. That is why Interactive Brokers created GlobalAnalyst.

Clients will be able to compare any number of stocks by various metrics in one of 27 currencies of the user’s choice. Clients can also buy and sell and follow these stocks in the currency of their choice, all in one account on one screen.

The tool allows search for stocks by region, country, industry, market capitalization, and currency as to identify undervalued stocks worldwide.

Investors can then use a number of financial metrics, such as the P/E/G Ratio, to assess whether the potential of a value stock.

The ratio is PE divided by three-year compound earnings growth rate. PEGs below 1.0 suggest a company is undervalued, while a PEG above 1.0 suggests a company that is overvalued.

Thomas Peterffy, Chairman and Founder of Interactive Brokers, commented: “In addition to offering investment choices from more than 135 global markets, we continue to provide investors with leading technology and tools to help them make informed investment decisions.

“GlobalAnalyst is a great tool for individual investors and sophisticated traders to begin their search, looking to take advantage of the benefits of investing globally. We emphasize that thorough analysis must always follow initial findings.”

GlobalAnalyst is free of charge

The tool is better suited for any investor running a quick search for international stocks and is available free of charge for users in the United States, United Kingdom, Central Europe, Western Europe, Singapore, Australia, Hong Kong, and Canada.

Interactive Brokers services individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers with automated trade execution and custody of securities, commodities and foreign exchange on over 135 markets in numerous countries and currencies.

Besides its execution prices and trading, IBKR offers clients risk and portfolio management tools, research facilities and investment products.

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